U.S. Arms Sales Make Up Most of Global Market

Submitted by Phil Rowen on Mon, 08/27/2012 - 06:05

                                      

                                                          By 

 

                                                  Published: August 26, 2012 

 

                                  

WASHINGTON — Weapons sales by the United States tripled in 2011 to a record high, driven by major arms sales to Persian Gulf allies concerned about Iran’s regional ambitions, according to a new study for Congress. 

 

 Overseas weapons sales by the United States totaled $66.3 billion last year, or more than three-quarters of the global arms market, valued at $85.3 billion in 2011. Russia was a distant second, with $4.8 billion in deals.

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